Kimco Realty Corp (NYSE:KIM) has had a vibrant quarter marked with significant gains and fluctuations in stock ownership. The company achieved an ‘A-’ credit rating from
Fitch and its rating outlook from
S&P was also upgraded to ‘Positive’. Kimco shares crossed a 4% yield mark, reflecting a strengthening investor confidence. However, there was some insider selling with COO David Jamieson offloading 50,000 shares. In its significant financial activity, Kimco announced the pricing of
$500 Million aggregate principal amount of 4.850% notes due in 2035. Several investment entities have either bought large numbers of shares, such as
Sei Investments, or sold, such as
Toronto Dominion Bank and
1832 Asset Management. Despite varying recommendations from analysts, Kimco has reported strong Q2 earnings and hosted the 2024 Global Real Estate Conference. They also upsized their term loan facility to
$550 Million. On matters of strategic planning, Kimco completed all-stock deals, launching a $500M note offering for growth and debt management and also extended its commitment to ESG initiatives. With the recent fluctuations in the market, Kimco's stock has seen its highs and lows but largely compared favorably to its competitors.
Kimco Realty Corp KIM News Analytics from Mon, 03 Jan 2005 08:00:00 GMT to Sun, 29 Sep 2024 19:10:32 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor 1
